Final answer:
The amount of technologically stored information 'doubles' every 2-3 years refers to Moore's Law, which states that the capabilities of electronics, especially computer technology, double approximately every 18 months to 2 years. This exponential growth has led to the development of powerful computers and advancements in various fields.
Step-by-step explanation:
The statement that the amount of technologically stored information 'doubles' every 2-3 years refers to the concept known as Moore's Law. Moore's Law, named after Gordon Moore, one of the co-founders of Intel, states that the capabilities of electronics, particularly computer technology, double approximately every 18 months to 2 years.
For example, consider the evolution of computers over time. Since the invention of the integrated circuit, the capabilities of electronics have essentially doubled every 18 months to 2 years, resulting in the rapid development of powerful desktop and laptop machines that we have today.
This exponential growth in technology has led to advancements in various fields and industries, such as discoveries in genetics, improvements in wireless internet, and many other inventions that have revolutionized our lives.